We're sorry, but we don't have any articles at this address...
Make sure you have the correct URL or browse some of our breaking news stories below...
By: Esmarie Swanepoel Updated 46 minutes ago Softer commodity prices would result in a 1.4% decrease to Australia’s mineral and export commodity earnings during 2015, the Bureau of Resources and Energy Economics (BREE) reported on Friday. During 2014/15, mineral and energy commodity export earnings would fall to A$192-billion, compared... →
By: Esmarie Swanepoel Updated 55 minutes ago Embattled nickel miner Mirabela Nickel has reported a solid quarter, despite being in administration. Production during the three months to the end of September reached 2 628 t of nickel in concentrate. This compares with 2 767 t produced during the previous quarter. →
By: Esmarie Swanepoel Updated 1 hour 18 minutes ago ASX-listed junior Red River Resources has raised A$3.6-million through a share placement to fund project development activities and the restart of exploration at its Southern Region assets, in Queensland. The company said on Friday that some 20-million shares would be placed, at a price of 18c... →
By: Esmarie Swanepoel Updated 1 hour 28 minutes ago Gold miner PanTerra Gold on Friday told shareholders that it was reviewing a number of acquisition or merger opportunities, and was currently contemplating five specific mine developments, as its Las Lagunas mine continued to deliver below expectations. An earlier review process had revealed... →
By: Esmarie Swanepoel Updated 1 hour 41 minutes ago The International Finance Corporation (IFC) has signed on to ASX-listed Peak Resources’ Ngualla rare earths project, in Tanzania, by joining a consortium with Appian Natural Resources Fund. In September, Peak announced that Jersey-based private equity investor Appian had agreed to a total... →
Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline
By: Esmarie Swanepoel Updated 1 hour 49 minutes ago While largely living up to its popular nickname the ‘Lucky Country’ by remaining relatively untouched by the global financial crisis, Australia – and more specifically its resources sector – has not been immune to falling commodity prices. The declining prices of coal and iron-ore, in particular,... →
By: Esmarie Swanepoel Updated 1 hour 53 minutes ago Vanadium developer TNG would raise some A$5-million under a capital raising to institutional and sophisticated investors. The ASX-listed company would issue some 50-million shares, at a price of 10c each, to raise the capital, which would be used to complete the feasibility study on the Mount... →
By: Esmarie Swanepoel Updated 1 hour 56 minutes ago Mining giant BHP Billiton said on Friday that it was targeting further productivity gains, with the company operating more like an advanced manufacturer than a traditional resource company. “By the end of the 2017 financial year, we are targeting at least $3.5-billion of additional annualised... →